Crucial Pitfalls that Hurt Your Home’s Value

Crucial Pitfalls that Hurt Your Home’s Value.

Selling your home can be a stressful process even if you are getting plenty of interested buyers. Unfortunately, there are a number of pitfalls that hurt your home’s value and cause you to have trouble selling your home. These issues are sometimes correctable, and you will need to consider them when setting a price point for your home in order to make your property more marketable.

Some of the biggest pitfalls that hurt your home’s value include:

Sinkholes

While some locations are at a higher risk of developing a sink hole, the problem with selling your home usually only occurs when you have had a sinkhole in the past on your property or in the general area. It is actually recommended that people drop their selling price about 30 percent in order to make their house more marketable. If there are any repairs that still need to be done, this amount should be taken off the price as well.

Power Plants

If there is a power plant or factory in the general vicinity of your home this can decrease your selling potential. People do not like the concept of potentially have unhealthy air quality or toxic land near where they live.

Bad Neighbors

If you have neighbors directly next door to you or nearby that do not properly keep up their home or are very noisy, this can affect your ability to sell. This can be a deterrent to someone who originally wanted to live on your street.

How you value your home can be dependent on a number of factors. Your real estate agent can help you come up with an appropriate number that will make your home tempting to buyers despite any issues you may have in the area.

Contact Chris Tryon ERA Key Realty Services ~ Lowell for advice for buyers and sellers.

Find Out What Your Lowell Home Is Worth Visit: http://www.lowellhousevalues.com

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